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Bessent says it would be up to Trump whether to sue his Fed nominee over interest rates
Treasury Secretary Scott Bessent said President Trump may sue or criminally investigate Fed nominee Kevin Warsh if he does not cut interest rates, highlighting political tensions over Fed independence.
- On Feb. 5th, 2026, Treasury Secretary Scott Bessent refused to rule out a criminal investigation of Kevin Warsh if Warsh resists cutting interest rates, saying `That is up to the president`.
- Rising White House pressure has collided with legal safeguards, as President Donald Trump has publicly pressured the Fed over rate cuts, with some officials viewing attacks as a threat to independence.
- Warsh brings crisis-era Fed experience and Wall Street ties as two Trump-appointed Fed governors pushed for another cut, with Matthew Luzzetti calling the committee highly divided after Stephen Miran’s appointment.
- With Powell's term ending in May, lawmakers face an imminent decision as Sen. Thom Tillis, R-N.C., vows to block Warsh unless probes into Powell and Lisa Cook end.
- Observers warn persuading the FOMC of independence is harder in the Trump era, and Warsh's handling of political pressure will shape his early tenure, amid Wall Street calls for rate cuts.
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Bessent tells Senate panel it would be president's choice of whether to sue fed chair over interest rates
Treasury Secretary Scott Bessent said Thursday it would be “up to the president” to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates.
·Washington, United States
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Associated Press News+7 Reposted by 7 other sources
Bessent says it would be up to Trump whether to sue his Fed nominee over interest rates
Treasury Secretary Scott Bessent says it would be up to the president to decide whether to sue Kevin Warsh, Donald Trump's nominee for Federal Reserve chair, if he doesn't lower interest rates.
·United States
Read Full Article
Coverage Details
Total News Sources19
Leaning Left10Leaning Right4Center5Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 26%
R 21%
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